Marginal Costing Perspicacious

Marginal Costing Perspicacious

University

20 Qs

quiz-placeholder

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Marginal Costing Perspicacious

Marginal Costing Perspicacious

Assessment

Quiz

Special Education

University

Hard

Created by

A Yasodha

Used 41+ times

FREE Resource

20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The total variable cost change _________________________with change in output

Consistently

Constantly

Proportionately

Un proportionately

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Fixed cost + profit =

Semi - variable cost

Margin of safety

Contribution

Standard profit

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An increase in variable costs results in

An increase in P/V Ratio

Reduces contribution

Increase in Profit

None of the above

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When fixed cost is Rs.20,000 and P/V Ratio is 40%, the breakeven point will be

75,000

40,000

20,000

50,000

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Marginal cost is also known as

Absorption cost

Standard cost

Variable cost

None of the above

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Margin of Safety is the difference between the

Planned sales and the planned profit

Actual sales and Break even sales

Planned sales and the break even sales

None of the above

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Contribution margin is also known as

Marginal income

Gross Profit

Net Profit

All of the above

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